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Kentucky Investment Adviser Bond

How much does an investment adviser bond cost in Kentucky?

The Kentucky Department of Financial Institutions requires investment advisers to post surety bonds before becoming legally licensed. The amount of coverage needed depends on the type of authority the adviser has over client funds/securities. Advisers who have discretionary authority but do not have custody must post a $10,000 bond. Advisers who have custody must post a bond up to $25,000.

Pricing is subject to underwriting consideration, which means your premium is based on a review of your personal credit report. Request a free financial adviser quote now to find out your exact premium!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Investment Adviser Bond Custody over clients' funds $25,000 Starts at $250 $1,000-$2,000 $2,500+ Apply Now
Investment Adviser Bond Discretionary authority over clients' funds $10,000 Starts at $100 $400-$800 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call 1 (800) 308-4358 now to speak with a surety expert. Or request your bond online now, and we’ll get in touch to discuss your bond needs.

Why do I need this bond?

Kentucky investment adviser surety bonds ensure that principals (advisers) adhere to the provisions of Kentucky Revised Statutes Chapter 292, which is also known as the Kentucky Securities Act. Prohibited acts under this bond include, but are not limited to:

  • making untrue statements
  • entering into or renewing an investment contract without providing it in writing
  • assigning a part of an investment contract without the consent of the other parties
  • employing any scheme, artifice or device to defraud
  • engaging in any practice or act that classifies as fraudulent

If the principal violates these terms, the bond protects harmed parties from financial loss up to the full bond amount. Any claim paid out by the surety must be reimbursed by the principal.

For more information about investment advisory bonds in Kentucky, contact a surety expert now.

What’s the fine print?

Kentucky investment adviser bonds are effective for 1 year from the execution date unless canceled or violated. The surety can cancel the bond by giving 30 days’ written notice of cancellation to both the principal and the Commissioner of the Department of Financial Institutions.

All Kentucky bonds are subject to a 1.8% state surcharge.

How to become an investment adviser in Kentucky

To become legally licensed as an investment adviser in Kentucky, applicants must submit the following materials:

  • Uniform Form ADV Parts 1 and 2
  • $100 filing fee
  • copy of client advisory contract
  • surety bond in the proper amount
  • current financial statement

Complete licensing information can be accessed under the “Important Links” section of this page. Kickstart the licensing process by applying for your financial adviser bond today!

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Get a FREE Investment Adviser Bond Quote Today!

Commonwealth of Kentucky, Department of Financial Institutions, Division of Securities: Investment Adviser Surety Bond Form

Public Protection Cabinet, Department of Financial Institutions: Investment Advisers and Representatives

Kentucky Legislature: Kentucky Revised Statutes (KRS) Chapter 292

292.320 Fraudulent and Other Prohibited Practices

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